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and politics in the persian gulf. and really focus on the prominence of this area and the energy market. the persian gulf area as 60% of the world's proven oil reserves. and 40% of the world's proven gas reserves. in fact, six of the top 40 in the countries in terms of proven oil reserves are and the gulf. five of the country's top oil producers are also located there as well. the added states foreign policy, toward the persian gulf, has focused on ensuring the free flow of oil from the gulf to global markets. and opposing the nomination of that area. traditionally, the soviet union, but in recent decades, iraq under saddam hussein. this has embroiled us and two wars. and lead to a significant military, a commitment of military assets in the area. the question arises regionwide is the united states extended such efforts and so much of its assets? when we are a number three oil producer in the world. and we import less than 20% of our crude imports from the gulf. these are the issues we will explore today. is the global energy marketplace changing? is the persian off oil and gas still im
level. let's get some more questions. 1, 2, and 3 back there. >> michael from the department of energy. i am curious as to your perspective about how likely it is the tensions you describe are likely to affect oil production in the near term, whether it is through outright destruction -- destruction or deterring foreign investment. thank you. >> the gentleman with the blue shirt. sorry about that. i did not see the person in the back. >> my question is more directed to mr. frederic. seeing similar dynamics in the yemen with regard to competing militias, the lack of a central government control, what type of lessons are we learning from these states and also, with these type of dynamics, how can the u.s. be supportive in their transitions? >> let's take a third one. the person in the back than i could not see that i interrupted. >> my name is robert. we have seen a number of american companies who are chomping at the bit to look at the opportunities and libya. all of the sector's need to be brought up to date. given the fact several of you have been there recently, from the perspective
iraq from becoming a nuclear weapons power, and getting the international atomic energy agency to watch the iranians and make sure they don't go beyond what they should be doing in the enrichment of uranium. the president has put in place very tough sanctions, the toughest ever put in place against iran -- president obama has done that -- and he has reserved the right at the end of the date for the united states foto use force, but he is putting that off for diplomacy. i worked with president george w. bush and secretary of state condoleezza rice on the iran issue for three years. there is a remarkable similarity between the george w. bush policy on iran and barack obama policy. i get the sense in my discussions with senators and congressmen and women on capitol hill that there is a basic bipartisan support for this policy that the last two american presidents have undertaken. we don't want to go to war right now, we don't want to open up the possibility of a third land war in the middle east after iraq and afghanistan. we want to focus on obama's because that is -- we want to focus on
to really provide stimulus for this economy. we don't have an energy policy and have not had a budget in three years. as a result, businesses are waiting to see and what happens with the election and waiting to see what their lives will look like, the tax rates, regulation, etc. they are upheld by the health care expense, so they're waiting until after the election to decide if they will hire new workers and put new money to work. we really aren't in standstill mode in the u.s. economy right now. caller: another story -- i want to ask you about using the word "brace." guest: i think the president has had an antagonistic relationship with business. i think that's pretty clear. over the last several months he did lose the independent vote and the business vote. if the numbers show that he is actually winning, i could understand that now they are disappointed, because they were counting on some competition. but i don't think you can really tell right now. it's hard to know how accurate the polls are. in some cases i think the media is pulling democrats and other cases people don't necess
on the public reports of the international atomic energy agency. anybody can read them. there online. -- they are online. if these are the facts,, and they are, where should a red line be drawn? a red line should be drawn right here. before iran completes the second stage enrichment necessary to make a bomb, before iran gets to a point where it is a few months away, or a few weeks away, from amassing enough enriched uranium to make a nuclear weapon. each day, that point is getting closer. that is why i speak today with such a sense of urgency. and that is why everyone should have a sense of urgency. there are some who would claim that even if iran complete the enrichment process, even if it crosses that red line that i just got through, our intelligence agencies will know when and where iran will make and assemble a bomb and prepare the warhead. look, no one appreciates our intelligence agencies more than the prime minister of israel. all of these leading intelligence agencies are superb, including ours. they have formed many attacks, save many lives, but they are not foolproof. for
Search Results 0 to 4 of about 5